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Photos for Mac, Apple’s new picture editing software, has entered public beta allowing anyone in a trial scheme to use the software.

The new software is part of OS X 10.10.3 — the most recent version of the software, which has been released as part of Apple’s beta programme. Anyone can sign up to the trial programme, which was first used over the summer to release early versions of Yosemite and will soon allow people to try out versions of iOS before they are released to the public.

The new Photos app was initially announced in June, and is expected to be fully released in Spring. It was previewed last month.

It replaces iPhoto, slimming it down and integrating it even more with iCloud. It also unifies many of the features with the iPhone and iPad, bringing a look and feel similar to the Photos app on iOS.

The developer seed of the app has been described as fast, and has been praised for fixing many of the long-standing problems with its predecessor, iPhoto.

The D E Shaw group has launched Arcesium, a new, independently operated technology and service company that will provide asset managers with software and service solutions for their post-trade activities.

Arcesium’s fully hosted technology platform offers asset managers sophisticated post-trade support for the various activities of the trade lifecycle—including security master maintenance, trade capture, asset servicing, treasury functions, pricing-related services, and portfolio data warehousing – in a highly automated and secure manner. Arcesium’s service offering complements its technology platform with robust, exception-driven processes that effectively balance efficiency and control. The platform, which was refined by the D E Shaw group over many years, is able to address a wide array of asset classes, fund structures, collateral, and pricing methodologies, as well as a large number of trading venues and counterparties. Arcesium’s software and service offerings can be integrated with the systems of other service providers its clients may use, including those of industry-leading fund administrators.

Arcesium’s initial clients, the D E Shaw group and BAAM, both will use the company’s software and service capabilities, with the first BAAM fund moving onto the platform this spring. Later in the year, Arcesium will offer its solutions to additional clients. The new company is launching with over 30technology, accounting, and operations staff and is expected to grow to over 400 staff in its New York and Hyderabad offices by the end of 2015.

“We are excited to launch Arcesium with the D E Shaw group and Blackstone as our first clients, and we expect to be servicing over USD40 billion in assets by the summer,” says Gaurav Suri, Arcesium CEO, who has been head of information technology and software development for the D E Shaw group. “A key step in our development of this business was the decision to operate it independently from the D E Shaw group, and having Blackstone join us as a business partner and early client helps us realise this goal. Arcesium will also benefit tremendously from Blackstone’s market knowledge and deep industry relationships.”

“Over more than 25 years, the D E Shaw group has assembled an exceptional technology and operational team and built what we believe is world-class infrastructure to support our investment activities,” says Anne Dinning, managing director and member of the Executive Committee of the D E Shaw group. “The firm has a long history of developing and spinning out successful technology-enabled businesses. We expect the talented Arcesium team to succeed in attracting and satisfying new clients while continuing to provide our funds excellent service.”

“The tremendous resources, depth of expertise, and innovative technology of the D E Shaw group made a strategic relationship around Arcesium very attractive to us,” says J Tomilson Hill, Vice Chairman of the Blackstone Group and President and CEO of Blackstone Alternative Asset Management. “As the world’s largest provider of hedge fund solutions, with investors who include many of the world’s leading institutions, we understand the needs of fund managers and their investors. We believe Arcesium will support the effective management of our funds and provide us with solutions superior to those offered by other providers in the marketplace.”

Shares of Nucleus Software Exports Ltd have spurted by close to 10 per cent after the company announced that it would collaborate with Red Hat, a provider of open source solutions, so that customers gain from operational speed and cost benefits through wider choice of technology platforms on which to run its software.

In a filing with the stock exchanges, Nucleus Software, which provides banking products to the financial services sector in 50 countries, said its collaboration with Red Hat, a provider of open source solutions, would enable it to offer its customers globally a “faster, more cost effective technology platform”.

The company said that its products were used in banking operations in more than 50 countries. As banks and financial institutions were faced with pressure to improve their IT infrastructure and operations even while cutting down costs, the collaboration between the two companies would provide “scalable, proven and cost-effective solutions” to achieve that.

Avnish Datt, Head of Global Strategy at Nucleus, said the collaboration with Red Hat would enable its customers achieve greater business value through a “faster, more cost-effective technology platform”.

Jagjit Singh Arora, Director of Regional Sales, Red Hat India, expressing happiness over the increased opportunities in the banking and financial space, said his company would further streamline its offerings so that customers and partners could “enjoy accelerated deployment of applications and get to the market faster”.

The solution to be jointly offered by the two companies will be launched in at least 10 countries, the release said.

Shares of Nucleus Software are up by 9.63 per cent or ₹17.65, to ₹201 on the NSE. The stock touched a high of ₹209.20 before ceding some of its gains.